For active and distressed multifamily property sellers alike, (including 1031 exchange sellers), we offer what may be the best opportunity for emotional relief and financial salvation as we purchase each property and/or portfolio “as is” (“buy them as we find them”) for a sales price greater than the existing loan, regardless of current outstanding balance, or current market value.

Selling a single multifamily apartment investment property or an entire investment portfolio for a sales price greater than the existing mortgage debt, (regardless of the current market value of each multifamily property) allows each multifamily seller to preserve its coveted capital gains treatment, avoiding ordinary income tax treatment triggered by debt forgiveness. Phantom income issues can be mitigated with our typical acquisition structure.

The entire team at Abacus is dedicated to developing a unique and individualized sales strategy for each multifamily investment seller and is committed to a swift resolution with positive results. We strive to eliminate seller anxiety, fear and doubt that plague many of today’s investment property sellers, portfolio managers, and tenant in common (TIC) investor owners.

The dedicated senior management team at Abacus truly understands all too well, the daily challenges facing each investor operator of a multifamily apartments, including declining rents, rising vacancies and the mysterious shadow market of foreclosed homes and condos, compounded by the lack of available high-leverage credit, make this perhaps the most challenging financial environment for the multifamily sector in memory.

The personal stress becomes unbearable with mounting lender demands and legal threats coupled with investor partner calls and legal threats creating their own special form of daily pressure. Compounding the fear and pressure is the potential loss of capital gains and taxable debt mortgage relief at ordinary income levels, and reporting all of this uncomfortable news to your investment partners.

There is one winning solution to this financial quagmire, sell the property or investment portfolio to Abacus for a sum greater than the existing debt, regardless of the status of the mortgage or negative equity market value. Such a unique and comprehensive sale transaction provides each seller with the opportunity to book a positive sale transaction, and report a capital gain on sale.

As with all major sophisticated investment transactions, multifamily investment sellers should always seek and rely upon the advice of their own legal and accounting professionals prior to engaging in any purchase and sale transaction. Upon receiving competent independent professional advice, kindly contact an experienced member of our acquisitions department to discuss confidentially how we may help. Each member of the acquisitions team is a seasoned specialist.